Becker Capital Management's Pat Becker Jr. says there's shareholder value in Plum Creek timber and Howard Hughesand there is also room for the S&P 500 to gain in December.

NEW YORK ( TheStreet) -- Becker Capital Management's Pat Becker Jr. says there's shareholder value in Plum Creek timber and Howard Hughesand there is also room for the S&P 500 to gain in December.

VIDEO TRANSCRIPT:

Joseph Deaux: With a strong manufacturing number that came out on Monday and more economic data that's pointing toward a strengthening economy, I have today with me, Pat Becker, Jr., of Becker Capital Management. Pat, thanks so much for being here.

Pat Becker: Nice to be here.

Joseph Deaux: Pat, let's jump right to it. Do you think that this better-than-expected manufacturing number, a lot of good economic data coming out, is actually going to hurt the S&P in the final month of 2013?

Pat Becker: We don't think so. Part of it is the participation in this market from the investor level. A lot of people are just discovering the market again and coming back into it. You also have pension flows that have been increasing. So while you get these numbers on manufacturing and whatnot that indicate the economy is getting better, we also see some of the numbers from Black Friday on the retail sales side that are a little bit weaker. So it's a bifurcated economy. There are some areas like the stock market doing very well, real estate doing very well, but there are areas that aren't as well.

Joseph Deaux: So, of course, when I say do you think it'll hurt the S&P, I am referring of course to the fed possibly tapering sooner rather than later. But with this bifurcated economy that you're talking about, are there a couple of names that you guys are looking at that you really like?